Sirius Real Estate’s shares have been admitted to the premium segment of the London Stock Exchange’ main market for listed securities and have transferred from the Alt-X market of the Johannesburg Stock Exchange to its Main Board. SRE’s board expect this to have a number of benefits including: a more appropriate platform for the continued […]
New Star has announced its interim results for the six months ended 31 December 2016. During the period, the Trust provided an NAV Total return of 10.35%, whilst its share price returned 24.3%, reflecting a narrowing of the discount from 39.5% to 31.7%. The Trust says that, in comparison, the Investment Association’s Mixed Investment 40-85% […]
Epiris, the manager of Electra Private Equity, has announce that its portfolio company, AXIO Group, has agreed to sell RISI, an information provider for the global forest products industry, to Euromoney Institutional Investor PLC (Euromoney) for $125 million. Espiris says that the sale, which remains subject to regulatory approvals, would be the sixth major realisation […]
Foresight Solar (FSFL) has announced a range of measures. These include its intention to raise in excess of £50 million by way of an Initial Placing and Offer for Subscription, a secondary listing on the main board of the JSE (Johannesburg Stock Exchange) and Private Placement in South Africa. FSFL’s board also says that it […]
Pacific Horizon (PHI), managed by Ewan Markson-Brown (pictured), has announced its interim results for the six months ended 31 January 2017. During the period, the Trust’s NAV total return was 9.7%. The share price total return was 8.0% as the discount widened from 10.1% to 11.4%. The Trust says that, over the same period the […]
Riverstone Energy (RSE) has announced its annual results for the year ended 31 December 2016. During the period, RSE saws its NAV increase by 26.1% to $20.11 per share and that the impact of Brexit, through the devaluation of sterling, contributed to the sterling NAV per share increasing by 50.5% to £5.47. RSE says that […]
Symphony International Holdings Limited (SIHL) has announced its results for the year ended 31 December 2016. During the period, SIHL’s fully diluted NAV per share fell by 7.9% to US$1.1988. The company’s chairman, Pierangelo Bottinelli, says that 2016 was a volatile year but that Asia experienced more of an impact in the fourth quarter as […]
Tritax Big Box REIT has announced that it has agreed a new long-term, interest only, fixed rate term loan facility of £90 million with PGIM Real Estate Finance, secured against a portfolio of three standing assets and one forward funded asset. The 10-year Facility, which will be drawn in full immediately, is repayable on 2 […]
LXi REIT has listed on the London Stock Exchange. Its IPO has raised £138.15m before costs. The company is targeting attractive inflation-protected income and capital returns through a diversified portfolio of very long-let and index-linked UK property assets. LXi REIT is targeting a minimum annual dividend of 5 pence per Ordinary Share, starting from the […]
Land Securities has announced that it has completed the sale of The Printworks, Manchester, to DTZ Investors for £108m. Redeveloped and reopened in 2000, The Printworks is a Manchester city centre leisure destination, covering 368,770 square feet over four floors. The site is anchored by a 20 screen Odeon cinema, which houses the only IMAX screen in Manchester. In addition, there are […]
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